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The Independent UK
The Independent UK
Business
David Hughes

Banks set for meeting with financial regulator over ‘profiteering’ claims

the Financial Conduct Authority Interest Rates FCA
PA Wire

Banks have been accused by a Government minister of “profiteering” by failing to pass on interest rate increases to savers while hiking the cost of mortgages.

Top bankers have been summoned to a meeting with the financial watchdog to discuss concerns about the treatment of savers.

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